Gold fell more than 8% intraday, breaking below $4,200 and reaching the $4,100 level. It has now declined for multiple consecutive days, wiping out all of this year’s gains. On March 22, US President Donald Trump issued an ultimatum to Iran in the evening New York time, demanding that it reopen the Strait of Hormuz within two days or face attacks on its power facilities. Iran responded that if attacked, it would “completely close” the strait and target energy and infrastructure. This escalation directly pushed oil prices higher. Rising oil prices have changed the market’s view on inflation. As energy costs increase, investors are reassessing the US inflation path, believing that the previous disinflation trend may be interrupted. In this context, expectations for Federal Reserve rate cuts
US-Iran Conflict | Ultimatum Delayed to April 6: Trump "TACO" Fails?
The 2026 U.S.-Iran War has reached a paradoxical crossroads on Day 27. On Thursday night, President Trump announced a 10-day extension to his ultimatum, pushing the deadline for "total infrastructure destruction" to April 6. Trump characterized the move as a response to an Iranian request, claiming that 10 tankers were allowed through the Strait of Hormuz as a "goodwill gesture." Will April 6 deadline trigger a move to $150 oil? Is TACO failing as Iran rejects to make a deal? How long will the war last? Would you DCA the downtrend?
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